https://www.taxtmi.com/caselaws?id=410552 The High Court dismissed the writ petition challenging the validity of reassessment proceedings under the Income Tax Act. The Court held that the Assessing Officer had provided reasons for rejecting objections raised by the Payment Systems Company, emphasizing that reassessment cannot involve a review of the original assessment decision. The Court underscored that objections must be addressed in accordance with the law, and all relevant materials should be considered during reassessment. Referring to Constitutional Court judgments, the Court upheld the validity of the reassessment proceedings, concluding that there was no basis to interfere with the orders and declined to impose costs. en-us Wed, 30 Jun 2021 00:00:00 +0530 Mon, 10 Oct 2022 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410552 The High Court dismissed the writ petition challenging the validity of reassessment proceedings under the Income Tax Act. The Court held that the Assessing Officer had provided reasons for rejecting objections raised by the Payment Systems Company, emphasizing that reassessment cannot involve a review of the original assessment decision. The Court underscored that objections must be addressed in accordance with the law, and all relevant materials should be considered during reassessment. Referring to Constitutional Court judgments, the Court upheld the validity of the reassessment proceedings, concluding that there was no basis to interfere with the orders and declined to impose costs. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410552